86 Lily Pad Ln - Hospitality FOR SALE


Flat Rock, NC 28731
$5,300,000 USD
828-230-5263
86 Lily Pad Ln, Flat Rock, NC for Sale
$5,300,000 USD
Hospitality - FOR SALE
1/75
null | Request Cap Rate

86 Lily Pad Ln
Flat Rock, NC 28731


HIGHLIGHTS

  • Incredible 25 Acre Resort with lake access
  • 65 Guest Suites across a variety of types of cottages, cabins and inn-style buildings
  • Award-Winning Restaurant
  • Special Events Hall, Meeting and Conference Rooms
  • Pool with Covered Pavillion & Tennis Courts
  • Garden House / Owner's Retreat (Optional: $700,000)

OVERVIEW

Rare opportunity to own an outstanding, well established, turn-key resort in the heart of historic Flat Rock, NC on 25 gorgeous acres bordering Highland Lake. Great potential to be converted into a wellness retreat, conference center, religious assembly, educational campus, corporate event center, or other special purpose resort. Set along the serene shores of Highland Lake, the property features a highly acclaimed, award-winning restaurant known for its strong local and tourist patronage. Anchored by a chef-designed kitchen, the restaurant is further enhanced by multiple private dining areas and a dedicated special events hall—positioning the venue as a prime location for weddings, retreats, and corporate functions. The resort includes 65 keyed guest accommodations distributed across a mix of charming cottages, rustic cabins, and traditional inn-style lodge, offering a versatile guest experience. On-site conference and meeting facilities can accommodate groups ranging from 60 to 200 attendees, supporting year-round group bookings and events. Amenities include a seasonal pool with a covered pavilion, tennis courts, and extensive outdoor space, all of which contribute to the resort’s draw as a multi-faceted destination. With room for future expansion and the ability to introduce new programming, this is a generational acquisition opportunity in one of Western North Carolina’s most picturesque and historically rich locales. Option: The property can include a three bedroom owner’s residence on 1 acre, shown in the brochure as the Garden House, for an additional $700,000.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$87 USD /SF

# OF ROOMS

65

PRICE/ROOM

$81,538 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Highland Lake Inn & Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1912

PARKING SPACES

108

LAND DETAILS

LAND ACRES

25 AC

LAND SF

1,089,000 SF

ZONING

R-C

APN/PARCEL ID

623562738

ASK ABOUT THIS PROPERTY

Debbie LaneDewey Property AdvisorsMore Info
828-230-5263

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Debbie LaneDewey Property AdvisorsMore Info
828-230-5263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.